💬 10 Quick Questions and Answers to Review Your Knowledge and Improve Your Skills in Technical Analysis↙️💥🧐📈🚀

1️⃣ What is technical analysis?

📍 A methodology for making trading decisions based on price movement and trading volume, assuming that price reflects all information and that patterns tend to repeat.

2️⃣ What is the main feature of the cryptocurrency market?

📍 It operates 24/7 and is characterized by high volatility, meaning signals change quickly.

3️⃣ What is the benefit of order book analysis?

📍 To determine actual supply and demand, and assess the likelihood of breakouts succeeding or failing.

4️⃣ What are the most common chart types?

📍 Candlestick charts and OHLC (Open, High, Low, Close).

5️⃣ Two examples of classic patterns?

📍 Head and shoulders – double tops.

6️⃣ What is the role of the RSI indicator?

📍 It measures overbought or oversold conditions and reveals divergences.

7️⃣ What is the benefit of moving averages MA and EMA?

📍 To identify trends, smooth price action, and monitor key crossovers.

8️⃣ What is the importance of trading volume?

📍 It confirms the strength of the movement — high-volume breakouts are more reliable.

9️⃣ What is the 1% rule?

📍 Do not risk more than 1% of your capital on a single trade.

🔟 A common mistake to avoid?

📍 Chasing price movement without a plan or technical confirmation.

📚 Source: Binance Academy

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